110
110
Apr 13, 2013
04/13
by
CNNW
tv
eye 110
favorite 0
quote 0
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it is. no doubt about it. this is the president's statement. i worked for ronald reagan when we put our budgets. it's a statement of principle. the point i'm making is there's not a lot in here republicans are going to go say, oh, wonderful idea. we haven't talked about the new taxes which republicans will reject out of hand. the most interesting thing that happened this week when the president proposed what i think is a fairly modest change to social security, oh, my gosh, these organizations on the left, i mean, had cardiac arrest. and that makes me somewhat nervous about whether we'
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it...
42
42
Apr 14, 2013
04/13
by
MSNBCW
tv
eye 42
favorite 0
quote 0
simply not doable. >> negotiate on the debt ceiling. the president should not negotiate on the debt ceiling. if this budget is part of a negotiation, that's a the wrong strategy. they're saying they won't negotiate on the debt ceiling and they shouldn't because every time -- >> okay, but this is my frustration with that, because i heard that line in december in the run-up to the fiscal cliff talks. when the deal was cut on new year's eve, five minutes before new year's eve, the line was, you know, they did not include a faux long-term extension of the debt ceiling, they did not address sequestration -- >> two months. >> there was business in that. >> and, and, and, instead of extending the bush tax cuts for people under $400,000 for a year so that they would have bargaining leverage now when this comes up, or a couple months when this comes up, they extended it forever -- >> there are two issues which the white house has permitted to get away from it each time there has been a negotiation, the filibuster and the debt ceiling. those two
simply not doable. >> negotiate on the debt ceiling. the president should not negotiate on the debt ceiling. if this budget is part of a negotiation, that's a the wrong strategy. they're saying they won't negotiate on the debt ceiling and they shouldn't because every time -- >> okay, but this is my frustration with that, because i heard that line in december in the run-up to the fiscal cliff talks. when the deal was cut on new year's eve, five minutes before new year's eve, the line...
57
57
Apr 14, 2013
04/13
by
CSPAN
tv
eye 57
favorite 0
quote 0
we're going to have a debt ceiling we have to worry about. when we take these numbers out of our budget, they have to pass bills given the numbers that are given. a few months ago i see another looming. the same kind of like we had just been through. president's did make a move on some of the mandatory spending efforts that i have been calling for. he talks about a balanced approach. if you eliminate all discretionary spending, we still have a half trillion dollar deficit. >> i would like to hear your opinion of chuck hagel. he has been on the job for a couple of months. .ou are pretty critical of him how would you read the job he has been doing? >> i would probably get him and a. >> why? prissy good about it. -- i feel pretty good about it. i did not have a boat. but he asked me what my concerns were. i have not fountain to be saying one thing and doing a different thing. did oppose some of watched the hearings. not alleviated. i opposed him. he called me. i was going to call him and he called me first. i am the secretary. i want to reach ou
we're going to have a debt ceiling we have to worry about. when we take these numbers out of our budget, they have to pass bills given the numbers that are given. a few months ago i see another looming. the same kind of like we had just been through. president's did make a move on some of the mandatory spending efforts that i have been calling for. he talks about a balanced approach. if you eliminate all discretionary spending, we still have a half trillion dollar deficit. >> i would like...
101
101
Apr 12, 2013
04/13
by
KQED
tv
eye 101
favorite 0
quote 0
the debt ceiling needs to be raised this summer. and nobody really can tell me how that is going to happen. here at the white house the expectation is that republicans will simply cave on this. like they caved earlier in the year giving a temporary increase. republicans say there is no way that can happen. even if john boehner wanted to cave on this, he couldn't pass an extension of the debt ceiling on its own in the house without something else. so really, charlie, when we get to this, the question is, you know, does that become the final opportunity to have something that looks a little bit like the grand bargain. or at least as carney at one point called it, the pe at this time bargain. but some kind of an agreement that does do something on entitlements an something on taxes. >> rose: does the president get some credit and also some achievements from all the meetings he is having with republicans and with senators? >> i think he does. and maybe the biggest indication of that is they aren't really talking much about it. you know,
the debt ceiling needs to be raised this summer. and nobody really can tell me how that is going to happen. here at the white house the expectation is that republicans will simply cave on this. like they caved earlier in the year giving a temporary increase. republicans say there is no way that can happen. even if john boehner wanted to cave on this, he couldn't pass an extension of the debt ceiling on its own in the house without something else. so really, charlie, when we get to this, the...
56
56
Apr 19, 2013
04/13
by
CSPAN2
tv
eye 56
favorite 0
quote 0
ceiling and there was a national discussion about that. an agreement was reached and passed into law signd by e president of the united states and said we will reduce the growth in spending by the amount we e th debt ceiling 2.1 trillion. 1.1 trillion of that was a sequester if an agreement was not reached by this committee and the committee did not reach an agreement. there was no provision in that budget control act agreement to raise taxes. this year raising taxes $600 billion. but there was never an agreement as part of the sequester or the budget control act to raise taxes so that's where we have a lawyer at. this is the problem so in the debate and i remember sitting up when the president guaranteed the american people that the sequester wouldn't hap but it is happening. it's happeningright now. it's infil all. the house has proposed a budget that eliminates the cuts on the defense department but finds other cuts in the government to replace them with. the president is saying he wants to eliminate the sequester. he apparently indicat
ceiling and there was a national discussion about that. an agreement was reached and passed into law signd by e president of the united states and said we will reduce the growth in spending by the amount we e th debt ceiling 2.1 trillion. 1.1 trillion of that was a sequester if an agreement was not reached by this committee and the committee did not reach an agreement. there was no provision in that budget control act agreement to raise taxes. this year raising taxes $600 billion. but there was...
52
52
Apr 14, 2013
04/13
by
CSPAN
tv
eye 52
favorite 0
quote 0
ceiling, things that we've got to worry about, we're going to worry about when do we take the budget out of the budget and give it to the appropriator, they have to pass a bill given the numbers they are given. the numbers in the house will be different than the numbers in the senate. i see a few months from now, september 30th, it looming and the same fights we've been through. so i think the president in his budget did make a move on some of the mandatory spending effort that i've been calling for, because he talked about a balanced approach and we haven't done anything about mandatory, which is the real problem. because if you eliminate all the discretionary spending, we still have a half trillion dollars deficit annually. >> mr. chairman, sorry to interrupt. we're running out of time. i would like to hear your secretary of -- opinion of secretary hagueen, chuck hagel. it's been on the job for a couple of months now. you were very critical of him, with those in your party , how would you rate the job he is doing? >> i'd probably give him an a. >> really? why? >> i feel very good a
ceiling, things that we've got to worry about, we're going to worry about when do we take the budget out of the budget and give it to the appropriator, they have to pass a bill given the numbers they are given. the numbers in the house will be different than the numbers in the senate. i see a few months from now, september 30th, it looming and the same fights we've been through. so i think the president in his budget did make a move on some of the mandatory spending effort that i've been...
77
77
Apr 14, 2013
04/13
by
CSPAN
tv
eye 77
favorite 0
quote 0
the president was clear that we would not negotiate around the debt ceiling, that the debt ceiling needs to be increased to take care of spending that is already past by this congress. therefore, we should not be manufacturing crises like the sequester. we need to turn off the sequester and make sure we don't lose hundreds of thousands of jobs. washington should return to regular order and we should let his messes and the american consumer have the confidence -- and let businesses and the american consumer have the confidence that washington will not manufacture another crisis. >> thank you for being here. some of us like regular order and we like the rule of law. and i have four quick questions for you. a of title 49 in the u.s. code statutorily defined slow enforcement personnel as individuals authorized to carry and use firearms are vested with the police power of arrest and are identifiable by appropriate markings of authority. with sequestration in the debt crisis in mind, should federal onncies spend federal funds law-enforcement uniforms for federal employees that do not meet this
the president was clear that we would not negotiate around the debt ceiling, that the debt ceiling needs to be increased to take care of spending that is already past by this congress. therefore, we should not be manufacturing crises like the sequester. we need to turn off the sequester and make sure we don't lose hundreds of thousands of jobs. washington should return to regular order and we should let his messes and the american consumer have the confidence -- and let businesses and the...
82
82
Apr 12, 2013
04/13
by
CSPAN
tv
eye 82
favorite 0
quote 0
and as debt ceiling once again approaches. i deed it was made all the more worrisome by the house republican hearing yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee received your written statement t will be made part of the formal record and secretary lew, you're recognized for five minutes. >> thank you very much, mr. chairman and thank you, mr. chairman, ranking member levin for your gracious welcome here today. it's an honor to appear and present the president's budget for next year. i sit here as chairman noted surrounded by four decades of memories of many important occasions when bipartisan cooperation has m
and as debt ceiling once again approaches. i deed it was made all the more worrisome by the house republican hearing yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack...
73
73
Apr 17, 2013
04/13
by
CSPAN2
tv
eye 73
favorite 0
quote 0
possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to policy and decisions that were made during the eight years of prior administration. that would include the tax cut. >> absolutely. >> and include the prescription drug benefit. conclude the entered to as it relates to iraq weapons of mass destruction that never found. >> all spending authorized by congress is included. and the spending you have described is all part of what is being covered. >> based on your experiences in clinton administration, it would be fair to say that perhaps the best strategy in order to deal with the debt problem as well as the defic
possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to...
78
78
Apr 11, 2013
04/13
by
FBC
tv
eye 78
favorite 0
quote 0
the big thing is, the budget deficit debt ceiling debate that is coming up after may remember, we had that. back to that again. and that could cause some headaches for the market that really does not go well. liz: and don't worry. when you say i feel i am the bearer of bad news. we just saw what is right. we just want the right news. thank you very much. it is great to see you. all the right angles on how to trim from your portfolio. a little spring gardening and cleaning. the closing bell ring in five and a half minutes. your golden ticket in the form of of a golden chocolate bar. this is one investment that even willie walker would be proud of. it is one of its hottest products he is selling right now in gold. the pieces actually break off like a longshot with squares, but what is this for? releases? coming up, we have that in a fox business exclusive plus we have you covered through the final minutes of what appears to be yet another record trading day. stay tuned. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by cli
the big thing is, the budget deficit debt ceiling debate that is coming up after may remember, we had that. back to that again. and that could cause some headaches for the market that really does not go well. liz: and don't worry. when you say i feel i am the bearer of bad news. we just saw what is right. we just want the right news. thank you very much. it is great to see you. all the right angles on how to trim from your portfolio. a little spring gardening and cleaning. the closing bell ring...
610
610
Apr 14, 2013
04/13
by
CNNW
tv
eye 610
favorite 0
quote 0
ceiling and stuff that's in the short run. >> austan goolsbee, david stockman, we'll come back to you. this debate is not going to go away with this budget. up next, we look at the biggest driver of debt and health care. how to cut those costs. we have a great debate, when we come back. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. ♪ to try on these amazing depend silhouette briefs. oh, it's cheryl burke! who's this guy? security. cher
ceiling and stuff that's in the short run. >> austan goolsbee, david stockman, we'll come back to you. this debate is not going to go away with this budget. up next, we look at the biggest driver of debt and health care. how to cut those costs. we have a great debate, when we come back. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male...
134
134
Apr 14, 2013
04/13
by
CNNW
tv
eye 134
favorite 0
quote 0
ceiling and stuff that's in the short run. >> ostaaustan goolsbee, david stockman, we'll come back to you. thank you very much. >>> up next, we look at the biggest driver of debt and health care. how to cut those costs. we have a great debate, when we come back. travelers a month find whatps 3n they're looking for. one traveler at a time. expedia. find yours. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. yes, it is. and need to get my car fixed? progressive makes it easy, because we give you choices. you can pick where to get your car fixed, we can cut you a check, or, at our service center, we take care of everything for you. [ relaxing music playing ] [ chuckles ] -whew, so many choices. -take your time. -the service center. -okay. giving you choices -- now, that's progressive. call or c
ceiling and stuff that's in the short run. >> ostaaustan goolsbee, david stockman, we'll come back to you. thank you very much. >>> up next, we look at the biggest driver of debt and health care. how to cut those costs. we have a great debate, when we come back. travelers a month find whatps 3n they're looking for. one traveler at a time. expedia. find yours. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national...
200
200
Apr 11, 2013
04/13
by
CNBC
tv
eye 200
favorite 0
quote 0
fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe seemed to be mandating, we could have huge downside surprises and the last time we had some pre-announcements -- wait a second. what actually happened? how about we had the best first quarter in 15 years. how is that possible? i think it's because the market has changed its animals. i'm not kidding. investors stopped being scared of washington or europe or earnings shortfalls and they decided to embrace the future, not spurn it. they became like ulysses and his crew, strapped to the mast, oblivious to the sell, sell, sell sirens of the saturnine set. where is sappho when you need him? we got to the
fourth him of the debt ceiling was going to derail our economy for certain, even if we manage to solve the fiscal cliff and the sequester lurked ominously. no matter what deal the politicians made. these would have course throw us off track and cause much higher unemployment. finally, four months ago, fourth quarter earnings, the reports were right around the corner and they were supposed to be, yes, nothing to write home about, or maybe worse, particularly the worldwide slowdown that europe...
70
70
Apr 18, 2013
04/13
by
CSPAN2
tv
eye 70
favorite 0
quote 0
they said we will reduce the growth in spending by the amount raised the debt ceiling, 2.1 cheyenne. 1.1 trillion was sequestered. if the agreement was not reached by the committee in the committee did not reach an agreement, there is no provision in the budget control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the president guaranteed the american people sequester wouldn't happen. but it is happening. it's happening right now in the law. the house has proposed a budget that eliminates cuts on the defense department, besides other cuts to replace them when. the president is saying he wants to eliminate the sequester are apparently indicates he does, but he wants to do it raising taxes and that is a nonstarter. under our current day, we increase spending every year. the difficulty is that pointed out before our committee so many times is half the reductions in spending and sequester file on the defense department
they said we will reduce the growth in spending by the amount raised the debt ceiling, 2.1 cheyenne. 1.1 trillion was sequestered. if the agreement was not reached by the committee in the committee did not reach an agreement, there is no provision in the budget control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the...
45
45
Apr 15, 2013
04/13
by
MSNBC
tv
eye 45
favorite 0
quote 0
that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one of the five students who spearheaded the projects. good morning. congratulations. >> thank you, chris. >> so you won the top prize. you got to meet with president clinton. not bad. tell us about your project. >> sounds great. so the campaign was focused on getting students involved in the conversation and making sure that they're active in the learning process before we graduate and before we become representatives in any way or become leaders in our respective fields. our campaign focused on 31 initiatives that got students united with their community members and their representatives. we hosted senator mar
that will change in the weeks ahead when lawmakers will square off on whether to raise the debt ceiling. at the recent clinton global initiative, the president recognized students from the university of virginia who won the top prize for their efforts in educating peers about the debt. >> i'm grateful for the passion many students has shown for this issue. they are creative in the competition. they made youtube videos and held social media contests. >> let's bring in team leader one...
192
192
Apr 11, 2013
04/13
by
CNBC
tv
eye 192
favorite 0
quote 0
what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get rid that have and replace it with tax hikes. >> dave drucker, the gop wants to win in 2014, i get that, but if the gop becomes democrats, i don't think they are going to win in 2014. >> well, larry, i think everybody should disabuse themselves of the fact that the republicans are going to sign on to the obama budget in any form as it's presented today, and that they are going to support tax increases of any kind, and if the president thinks that the fiscal cliff deal is a way forward for him to cut more deal with the republicans he's going to be disappointed. not only is it bad for them politically, th
what this says to me is we're going to have another crisis, a debt ceiling crisis, because if the president thinks the republicans are going to go along with this, if they are going to go along with other sorts of tax increases, big tax increases for minor entitlement cuts, that's not going to happen. i mean, as we were saying before, it's the sequester, the spending austerity, the right kind of austerity, that is helping this economy right now. balanced off by the fed. we're not going to get...
98
98
Apr 15, 2013
04/13
by
CSPAN2
tv
eye 98
favorite 0
quote 0
ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee has received your written statement. it will be made a part of the formal record. secretary lew, you're recognized for five minutes. >> thank you, mr. chairman, and thank you, mr. chairman, ranking member levin, for your gracious welcome here today. it's an honor to appear and to visit the president's budget for next year. and i sit here as the chairman noted, surrounded by four decades of memories of many important occasions. when bipar
ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary...
131
131
Apr 15, 2013
04/13
by
CURRENT
tv
eye 131
favorite 0
quote 0
ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores have ha
ceiling. >> beep on guns. bi-partisan on immigration. maybe we can get to where we have bip beep on the bucket. in connection cook good to have you with us. follow her at national journal.com and i will be back and tell you what the president is up to today. >> this is "the bill press show." can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis my rheumatologist prescribed enbrel for my pain and stiffness, and to help...
72
72
Apr 11, 2013
04/13
by
CSPAN
tv
eye 72
favorite 0
quote 0
. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republic
. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10...
152
152
Apr 16, 2013
04/13
by
CNBC
tv
eye 152
favorite 0
quote 0
whether it be concerns about the budget or the debt ceiling, it's one of these issues. >> and all of these come as the banks are performing very well. if you want to know whether they are safer, if they are better businesses compared to a year ago, that's another question, right, mary? >> take a look at the revenue. a number of banks would argue, yes, we are safer. but as far as revenue goes, this is speaks to how the businesses are performing. really the growth on the revenue front isn't there. it's either down or very slight increases in revenue growth. you are seeing improvement in profitability as these companies continue to cut costs. they're being very, very aggressive on expense management. and that's helping to drive the bottom line. >> let's get to ww gragranger. this is a big move in today's session. >> there was a company in the machinery and repair business, a good window into the industrial businesses, $240 stock, which is a big stock that people tend not to talk about. they miss sales estimates. sales continue to grow. interesting. they blamed it on one day less in the
whether it be concerns about the budget or the debt ceiling, it's one of these issues. >> and all of these come as the banks are performing very well. if you want to know whether they are safer, if they are better businesses compared to a year ago, that's another question, right, mary? >> take a look at the revenue. a number of banks would argue, yes, we are safer. but as far as revenue goes, this is speaks to how the businesses are performing. really the growth on the revenue front...
195
195
Apr 18, 2013
04/13
by
CNBC
tv
eye 195
favorite 0
quote 0
we couldn't think we're going to get a public policy flare-up like we had in '10 or '11 during the debt ceiling debate or what happened during the whole election process which so influenced business confidence a year ago. so those two factors are better than they were each of the last three years. the growth piece is similar. on balance we think that adds up to something less than those prior three-year corrections. but close to at least last year's. >> there are some interesting calls in that analysis. barry, thank you very much for your time. barry knapp there at barclays. >>> switching gears a bit from the broader markets to technology, specifically apple and its slide back below $400 today. does the news out of verizon offset all the bad news we got from supplier cirrus yesterday. dan niles, is the cio of alpha one capital, he's been negative on apple shares for six to nine months or so. joins us on the news line today. dan, welcome back. >> thanks, carl. nice to be on. >> does any of the activations of the iphone out of verizon negate or offset what spooked us from cirrus yesterday
we couldn't think we're going to get a public policy flare-up like we had in '10 or '11 during the debt ceiling debate or what happened during the whole election process which so influenced business confidence a year ago. so those two factors are better than they were each of the last three years. the growth piece is similar. on balance we think that adds up to something less than those prior three-year corrections. but close to at least last year's. >> there are some interesting calls in...